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Managed Fund Since 2005
Equity
LMREX ClearBridge Mid Cap Fund
Popular Documents
Overview
Fund Facts
Fund description
Invests in a diversified equity portfolio focused on mid-sized companies. Seeks long-term capital growth through a disciplined, consistent and transparent investment process. Investment returns are driven by stock selection, with a strong focus on risk management in portfolio construction.
- Benchmark
- Russell Mid Cap Index
- Fund Inception Date
- 09/01/1998
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 29%
Identifiers
- Ticker
- LMREX
- Fund Number
- 7047
- CUSIP Code
- 52469H172
Average Annual Total Returns As of 05/31/2026
Class R
- 7.25%1 Year
- 9.87%3 Years
- 1.61%5 Years
- 7.41%10 Years
- 8.62%Since Inception
09/30/2008
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Top Sectors
As of 05/31/2026 Equity as a % of Total (Updated Monthly)
Industrials23.84% | |
Information Technology13.43% | |
Consumer Discretionary12.43% | |
Financials11.54% | |
Health Care7.83% |
Additional Fund Info
- Share Class Inception Date
- 09/30/2008
- Investment Style
- Mid Cap
- Lipper Classification
- Mid-Cap Core Funds
- Morningstar Category
5 - Mid-Cap Blend
Manager and Commentary
About the Team
ClearBridge Investments is an active equity manager offering a broad range of strategies across global developed and emerging markets, local markets, and income. ClearBridge manages diversified, high-conviction portfolios through collaborative fundamental research to meet the needs of some of the world's largest asset owners and financial intermediary platforms. We invest as long-term, risk-aware business owners and seek to deliver consistency of process and performance for our clients through market cycles. A focus on durability drives everything we do; from the business models of the companies we own, to the holding periods of our portfolios, to the stability and longevity of our investment professionals.
Commentary Highlights
March 31, 2026- Markets: Mid cap equities delivered positive returns during the first quarter, with the Russell Midcap Index gaining 1.3% and outperforming both large cap and small cap peers. Large caps, as measured by the Russell 1000 Index, declined 4.2% during the period, while the smaller cap Russell 2000 Index posted a more modest gain of 0.9%, as signs of a broadening in market leadership continued to emerge. While mid caps were not immune to the broader market selloff, driven largely by investor concerns surrounding the ramifications of the conflict pitting the U.S. and Israel against Iran, performance was more closely tied to underlying business fundamentals and sector-level dynamics.
- Contributors: Holdings in Regal Rexnord, Casey’s General Stores and Clean Harbors. Stock selection in the industrials, consumer staples and financials sectors.
- Detractors: Holdings in AppLovin, ICON and Rubrik. Stock selection in the IT, health care and consumer discretionary sectors.
- Outlook: We are spending more time challenging long-held assumptions, particularly in areas where technological change could alter competitive dynamics. At the same time, we are mindful that periods of uncertainty often create opportunity, especially for companies with clear strategies, strong execution and the ability to adapt. We also believe that many mid cap companies are better positioned than commonly appreciated to incorporate generative AI into their operations as a potential source of efficiency and long-term value creation. Whether in logistics, industrial manufacturing or health care delivery, the ability to rethink cost structures and productivity could become an important differentiator over time.
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Managed Fund Since 2020
Latest ClearBridge Insights
June 10, 2026
June 3, 2026
May 27, 2026
Performance
Average Annual Total Returns
As of 05/31/2026
Selected Month May 2026
Class R - With Sales Charge (POP) (%)
Month End
As of 05/31/2026
Class R - Without Sales Charge (NAV) (%)
Month End
As of 05/31/2026
Russell Mid Cap Index (%)
Month End
As of 05/31/2026
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 7
©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of05/31/2026 (Updated Monthly)
- Total Net Assets
- $1.52 Billion
Positions
As of 05/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 66
- Benchmark
- 801
Portfolio Statistics
As of 05/31/2026 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 19.76x
- Benchmark
- 18.23x
- Fund
- 24.37x
- Benchmark
- 22.99x
- Fund
- 5.40x
- Benchmark
- 4.68x
- Fund
- $20.87 Billion
- Benchmark
- $28.46 Billion
- Fund
- $31.61 Billion
- Benchmark
- $41.79 Billion
- Fund
- 29.00%
- Benchmark
- —
Sector Allocation
As of 05/31/2026 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Industrials | 23.84% | 19.04% |
Information Technology | 13.43% | 17.36% |
Consumer Discretionary | 12.43% | 10.33% |
Financials | 11.54% | 13.24% |
Health Care | 7.83% | 8.67% |
Energy | 6.90% | 6.46% |
Utilities | 6.50% | 5.73% |
Consumer Staples | 5.27% | 4.13% |
Real Estate | 4.47% | 6.56% |
Materials | 3.83% | 5.11% |
Communication Services | 2.18% | 3.37% |
Holdings
As of 05/31/2026 (Updated Monthly)
Teledyne Technologies Inc.
DTE Energy Company
Vistra Corp
API Group Corp.
Casey's General Stores, Inc.
Clean Harbors Inc
Performance Food Group Co.
Microchip Technology Inc.
Regal Beloit Corp.
EQT Corp.
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
For the latest updates on portfolio holdings, if any, please refer to the Documents section below.
Distributions & Tax
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - ClearBridge Mid Cap Fund | |||
| Portfolio Holdings - ClearBridge Mid Cap Fund - 5-21-26 | |||
| Product Commentary - ClearBridge Mid Cap Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - ClearBridge Mid Cap Fund - Class R | |||
| Annual Financial Statements and Other Information - ClearBridge Mid Cap Fund | |||
| Semi-Annual Report - ClearBridge Mid Cap Fund Class R | |||
| Semiannual Financial Statements and Other Information - ClearBridge Mid Cap Fund | |||
| Prospectus - ClearBridge Mid Cap Fund | |||
| Summary Prospectus - ClearBridge Mid Cap Fund | |||
| Statement of Additional Information - Legg Mason Partners Investment Trust Book 24 | |||
| Fiscal Q1 Holdings - ClearBridge Mid Cap Fund | |||
| Fiscal Q3 Holdings - ClearBridge Mid Cap Fund |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Short selling is a speculative strategy. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Russell Mid Cap Index measures the performance of the mid-cap segment of the U.S. equity universe.
Source: FTSE.